The last time Su Hua came to Weituo's building was his only visit, and he probably wouldn't come again in the future.

The failure of the project made Li Yidan feel ashamed. Since Weituo started to set up an investment department to identify and select a number of small businesses in Beijing. So far, this is the only time that it has not achieved its expected target.

There is a large glass in the chairman's office in Weituo Building. Wen Xiaoguang can see the wide outdoor scene through here. This is his request. Always locked in a small room will make him feel bored.

"This has ended here, and Li Wenbo has also talked to me. We don't need to worry about it anymore. There are many good projects, and in fact, I'm not thinking about Kuaishou."

Wen Xiaoguang in front of the glass curtain wall crossed his hands and hugged his chest.

Li Yidan was right behind him. This woman in her thirties was wearing her hair, revealing her swan neck. She wore an OL suit on her body. Although she was no longer young, she was quite elegant.

"Then what are you thinking?"

Wen Xiaoguang sneered, "I'm thinking, although I have repeatedly emphasized that the strategy of MicroTop Investment Department is strategic investment, in fact, we have made too much money because of investment. In the long run, this is not a good thing."

Li Yidan didn't understand, "Why is it not good to make money?"

"Making money is very good, making money is too easy, too much, and too fast, it's not good." Wen Xiaoguang simply made a simple and rough calculation and found that Weituo has made too much investment profit from companies such as Ele.me, Meituan, Didi, JD.com, Alibaba and other companies.

The entire company is floating with the RMB.

This money is just too easy and too fast, and in the next few years, the investment profit will even exceed tens of billions of dollars.

A person will gradually become more comfortable because he lives too comfortably, and a company will do it.

"Mr. Wen, what do you mean is, we want to stop?"

"We should be able to take advantage of the population and traffic dividend for two years. WeChat's daily life is just close to 400 million, but it is estimated that the mobile Internet will enter the second half. We must make short videos before entering the second half."

The content creator conference is scheduled in June, and creative communities everywhere are also preparing. Wen Xiaoguang has been controlling the ship.

One thing is missing,

"Yidan, put your things at hand aside, Kuaishou will go over. Next, you can help me. We are almost going to start the preliminary preparations for the C round of financing."

In the B round, Weituo received more than US$1.6 billion in funds. After receiving the money, the Japanese subsidiary first took away US$40 million and another US$100 million in 2013. In addition, they built a new headquarters, which cost about US$200 million, invested in various companies and spent more than US$300 million. For the first time, they invested in Weituo Cloud with RMB 800 million. The key to this field is that there is no output for the time being and they will continue to invest in the next two or three years.

The remaining big head is to maintain the increasingly large number of users of WeChat. Toutiao also spares no expense in content support. In fact, the content field has spent a lot of money, but it is generally impossible to see that it has spent money.

Weituo still has nearly 10,000 employees. Although it also has revenue of about 3 billion yuan, the company is in a loss overall.

There is still money in the account now.

However, short videos are also a big money-burning player when promoting them.

Li Yidan also knew that Mr. Wen had a recent itinerary to go to the United States, so he probably thought of, "So what is the C round of funds used for?"

"Two uses, one is to promote the short video projects of Toutiao and X business units. I plan to ask them to raise funds for themselves in Japanese companies to reduce the pressure on the headquarters at the moment. The other is to introduce more common stakeholders to prepare for future listing, so this is not a place to spend money. Our second point of spending money is mainly in strategic investment. Cloud computing, electronic payment, and AI chips you and I suggested before."

These cost even more money. Compared to Alibaba’s 100 billion yuan establishment of the DAMO Academy, the current micro-tuo is still far behind, so the money seems to be too much, but in fact it is just that.

Wen Xiaoguang said: "Toutiao's success is somewhat beyond expectations. We will receive some funds, so the urgency of listing has weakened. At present, we should delay without restrictions to avoid selling our stocks at a low price."

"But when I introduced some state-owned assets, I told some people that I would make an IPO within three years, so this may need to be discussed again."

Li Yidan didn't know if Wen Xiaoguang was waiting for the future when he made this promise. It was a bit bad. She instinctively thought it should be.

"This is a bit unconventional, but our company has great potential. When you can make money, shareholders like to listen to whatever they say."

Wen Xiaoguang smiled, with a confident light in his eyes, and turned his head and said, "This is a charming place for business and a cruel place."

When you don’t make money, he thinks he is farting when you praise him. When you make money, he thinks he is praiseing him.

Listing is both good and bad, but basically, as long as you are not particularly eager for capital to develop, the necessity of listing is not so urgent unless the leader himself values ​​the meaning of "success" contained in the word listing.

Otherwise, it would be a better choice to obtain funds in the form of private equity, etc.

There is no need to look at Wall Street's expression or focus on the level of stock prices. There is no need to make all kinds of detailed data in the business public. Although this increases transparency, it also reveals secrets.

And if you have confidence in the company, postponing your listing will be a better choice.

Of course, the premise of considering these elements is to have money to maintain development.

JD.com does not have this condition. Its logistics system is still being built. It has been continuously financing in recent years, and listing is a major means of financing.

Weituo has this condition to insist on not going public. In Wen Xiaoguang's memory, ByteDance was not listed when he was reborn. It is rare for Internet companies to achieve great success and not go public. If they are rare, they have reason.

The weight in this set of reasons is not low.

Although the businesses they do are not exactly the same, Wen Xiaoguang gradually felt that Weituo also had the confidence to be "reserved", and it would be quite fulfilling to get a private valuation of more than US$100 billion.

"Do you want me to go to the United States with you?"

Wen Xiaoguang turned around, "Yes, you are more familiar with that."

Now it is just the preliminary preparations for the C round. Li Yidan probably wants to find out how capital feels about them. Last time, Weituo's overall valuation was about 20 billion to 240. Different investors gave different numbers, but they don't know what the number should be again this time.

No matter what, as long as there is a little bit of wind in Weituo, it will definitely cause the wolves to be excited.

Bei Xiaotong couldn't feel the excitement at all. She was only confused and thought that her charm was not enough.

But when you return to rational thinking, you feel that this should be a reflection of others' sense of responsibility. The more you think about it, the more you feel that you are such a good man!
Chapter completed!